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Fallout from Google's Huawei Android restriction: Morning Brief

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WHAT TO WATCH

A couple of key events this week will be grabbing the attention of market watchers.

Earnings season is coming to a close. About 94% of the S&P 500’s market cap has already reported quarterly results, but this week some key retailers will be gearing up to report. This week, 22 companies representing nearly 4% of the S&P 500 will be releasing results. Some big names include Home Depot (
HD
), Kohl’s (
KSS
) and Nordstrom (
JWN
) on Tuesday; Lowe’s (
LOW
) and Target (
TGT
) on Wednesday; Best Buy (
BBY
) on Thursday.

Moreover on Wednesday, the Federal Open Market Committee (FOMC) will be releasing its minutes from its last meeting at 2 p.m. ET.

Pound edges off 5-month lows
: Sterling has edged higher from a five-month low against the dollar, as investors gave a lukewarm welcome to UK prime minister Theresa May’s latest bid to get MPs to back a Brexit deal. The pound inched up 0.25% in early trading, after plunging to its worst week since October 2017 when cross-party talks on Brexit broke down last week. [Yahoo Finance UK]

Deutsche Bank denies report it prevented Trump transactions being flagged
: Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, being filed with the government. [Reuters]